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Brazil's maize exports exceed R$ 3 billion in the year so far

From January to October Brazil exported 17.8 million tons of maize, 3.6 million tons more than in the same period in 2014, when 14.2 million tons were exported.

The 2015/16 harvest will total between 81 million tons and 82.7 million tons, according to the National Supply Company (Conab).

Exports have earned US$ 3.15 billion, 13.6% up on the same period in 2014. The data are from the Ministry of Development, Industry and Foreign Trade (MDIC). From January to October 2014, revenue was US$ 2.77 billion.

Foreign trade consultant Aldo Barrigosse says the collapse of the real against the dollar and the slowdown in domestic demand boosted maize exports by Brazil.

Barrigosse also says Brazil is a global leader in agricultural commodities, with large and highly productive maize crops. "Production has grown year after year, with a decrease in the planted area and increased productivity," Barrigosse adds.

The largest importer of maize from Brazil this year to October was Vietnam, at US$ 563.7 million, followed by Iran, at US$ 510.6 million; South Korea, at US$ 252.8 million; Taiwan, at US$ 243.7 million, and Egypt, at US$ 240.1 million.

Information provided by Agrolink



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